KESTRA MEDICAL TECHNOLOGIES, LTD. Prices IPO at $14.00-$16.00 Per Share (KMTS)

KESTRA MEDICAL TECHNOLOGIES, LTD. (KMTS) is planning to raise $150 million in an initial public offering (IPO) on Thursday, March 6th, IPO Scoop reports. The company will be issuing 10,000,000 shares at a price of $14.00-$16.00 per share.

In the last 12 months, KESTRA MEDICAL TECHNOLOGIES, LTD. generated $45.8 million in revenue and had a net loss of $84.8 million. The company has a market-cap of $714.8 million.

Kestra Medical Technologies, Ltd. provided the following description of their company for its IPO: “We design, manufacture and sell a wearable cardioverter defibrillator for patients who are at higher risk of cardiac arrest. (Incorporated in Bermuda)  We are commercializing our cardiac recovery system platform, an advanced comprehensive system that integrates monitoring, therapeutic treatment, digital health and patient support services into a single unified solution. Our ASSURE WCD is a next generation wearable cardioverter defibrillator (WCD) worn to protect patients who are at an elevated risk of sudden cardiac arrest. Our ASSURE WCD has been worn by more than 17,000 patients since it was commercially launched in August 2022. Our cardiac recovery system – as of Jan. 31, 2025 – is actively prescribed by more than 550 U.S. hospitals. Note: Net loss and revenue are for the 12 months that ended Oct. 31, 2024.  (Note: Kestra Medical Technologies, Ltd., disclosed its IPO’s terms in an S-1/A filing dated Feb. 26, 2025: The company is offering 10.0 million shares at a price range of $14.00 to $16.00 to raise $150.0 million, if priced at the $15.00 mid-point of its range.) (Note: Kestra Medical Technologies, Ltd. filed its S-1 on Feb. 10, 2025, for its IPO, which is expected to raise $100 million. Background: The company submitted confidential IPO documents to the SEC on Aug. 25, 2021.) “.

Kestra Medical Technologies, Ltd. was founded in 2014 and has 301 employees. The company is located at 3933 Lake Washington Blvd NE, Suite 200 Kirkland, Washington 98033 and can be reached via phone at (425) 279-8002 or on the web at https://www.kestramedical.com/.